Federated Department Stores Inc announced that the Federal Trade Commission has terminated its review of the proposed sale of Federated's 507-store After Hours Formalwear business to Houston-based Men's Wearhouse.
The transaction is proceeding, and the company expects it will be completed on or before April 9, 2007.
The After Hours sale will complete the divestiture of Federated's Bridal Group division, which was acquired in 2005 as part of The May Department Stores Company.
Federated, with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2006 sales of $27 billion.
Federated operates more than 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's. The company also operates macys.com, bloomingdales.com and Bloomingdale's By Mail.
Federated Department Stores Inc
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